Mortgage News

Westpac says fix short

Friday 21st of November 2003
That’s even though Westpac has also raised its floating rate from 7.1% to 7.25%.

"The way the wholesale curve is priced, it’s already got some pretty swift upwards moves in the (Reserve Bank’s official) cash rate (OCR) and a peak at 6% built in," says economist Nick Tuffley.

The OCR is currently 5%. The wholesale market is also currently expecting the OCR to stay at 6% for some time, he s...

Want to read the full article?
Click the button below to subscribe and will have unlimited access to full article and all other articles on the site.